Philippine chicken, chicken egg output up in Q3

Philippine chicken production and chicken egg production grew 1.89% and 4.96% respectively in Q3 2016. Data from the Philippine Statistics Authority (PSA) showed that chicken output for the period was 400,950 tonnes while chicken egg was 112,970 tonnes. According to the PSA, the higher demand drove up chicken production, while increased inventory and expansion of layer farms led to the growth in egg production.

Although average farm price of chicken took a slight 0.55% dip, the higher output led to a 1.33% hike in earnings, while for chicken egg industry, a higher average farm price translated to a nearly 12% increase in gross revenue.

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